Daily Archives: 07/07/2016
Investment adviser to plead guilty to running a $21 million Ponzi scheme
July 7th, 2016
A Rhode Island investment adviser has agreed to plead guilty to criminal charges for orchestrating a $21 million Ponzi scheme, according to a statement from the U.S. Attorney’s Office. Aside from that scheme, Patrick E. Churchville, 47, also used ...
Ex-Rabobank trader to plead guilty in U.S. Libor case
July 7th, 2016
A former Rabobank trader from Australia will plead guilty on Thursday to U.S. charges that he conspired in a huge scandal to manipulate Libor, the leading benchmark for pricing financial transactions, his lawyer said. The expected plea by Paul ...
S&P downgrades Australia’s credit on deficit worries
July 7th, 2016
Global ratings agency Standard & Poor’s downgraded Australia’s sovereign credit rating outlook to AAA negative from AAA stable on Thursday, warning that the country’s path back to budget surpluses is in danger. “We are revising the rating outlook on ...
Elliott Wave Analysis: GBPUSD Searching For A Bottom; 1.2650 Zone Could Offer A New Turnaround
July 7th, 2016
GBPUSD fell sharply lower two weeks back after vote counts for EU membership showed that UK wants to leave the Euro zone. Pair fell to a new low which was technically expected as you know since we counted bounce ...
KPMG first firm to appoint head of Brexit to executive leadership team
July 7th, 2016
KPMG appoints Karen Briggs ‘Head of Brexit’ to executive leadership team. Following the outcome of the UK’s recent referendum on EU membership, KPMG in the UK has appointed Karen Briggs, one of its most senior partners, to the newly ...
Can You Imagine The Fed Raising Interest Rates In This World? Europe In Chaos Edition
July 7th, 2016
Two short months ago it was generally expected that US interest rates would rise for the balance of the year — a move made possible by steady economic growth and general global stability. Here’s a representative piece ...
Swiss bank Vontobel offers bitcoin trading
July 7th, 2016
Vontobel has become the first Swiss issuer to offer a tracker certificate on bitcoins for subscription. Investors who expect a positive development in the bitcoin price can now for the first time participate in this performance with a product ...
Barclaycard bPay turns watches contactless
July 7th, 2016
Barclaycard is expanding its bPay contactless payments range through the introduction of a small case that can be attached to watches and fitness bands. The bPay Loop is a silicon case containing an NFC chip that can be slid ...
MasterCard faces £19bn lawsuit over inflated card charges;the biggest in UK legal history
July 7th, 2016
Priceless? Not this time. MasterCard is facing a £19 billion lawsuit – the biggest in UK legal history – in a collective action over card charges that were passed on to shoppers. The claim is headed by ex-financial services ombudsman Walter ...
CFTC Orders Barclays Bank PLC to Pay a $560,000 Penalty
July 7th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Barclays Bank PLC (Barclays) for failing to submit accurate large trader reports (LTRs) for physical commodity swap positions, in violation of Section 4s(f) of ...
